Contract
r
Exhibit 10
Material Terms of Retirement Arrangement with Xxxxx X. Xxxxxxxx
The retirement arrangement between PPG Industries, Inc. and Xxxxx X. Xxxxxxxx, entered into as of
April 24, 2008, was a verbal agreement. The material terms of the agreement are set forth below.
Effective date of retirement:
|
January 1, 2009 | |
Monthly base salary of $30,000
continues through:
|
December 31, 2008 | |
Eligible for annual incentive award
payable for fiscal 2008:
|
Yes, payable in first quarter 2009 | |
Cash payment for unused vacation prior
to July 1, 2008:
|
Yes, payable January 1, 2009 |